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In a surprising turn of events, cardholders may now digitally collect and share their travel memories as customisable NFT stamps. American Express is launching a new blockchain-based passport stamp on Base. The move will combine travel, incentives, and digital collectibles. The initiative gives individuals a special opportunity to remember and highlight their experiences in the crypto era.
Dan Morehead, the founder of Pantera Capital, thinks Solana is so much faster than the whole traditional finance industry. “Solana now processes more daily transactions than all global capital markets combined,” he noted in a recent statement. Solana’s speed and scalability are drawing attention, raising questions about whether blockchains may eventually compete with or even replace established banking systems, especially as institutional parties show interest and activity on the chain soars.
Pump.fun’s buyback strategy has risen with due course of time. The total amount of PUMP tokens repurchased by the project to date is around $94.5 million. It currently controls about 6.582% of the supply in circulation.
Ethereum’s stablecoin supply has hit a new all-time high of $166 billion. Among all the coins, USDT leads the pack with $87.8 billion, while USDC follows at $48 billion supply. The surge shows how investors are leaning on stablecoins for security and ease in the growing crypto ecosystem.
The crypto sector has allegedly reacted negatively to the Bank of England’s suggestion to place stringent restrictions on the amount of stablecoin that people and businesses can acquire. The sector argues that the action could impede growth and cause Britain to lag behind its counterparts.
While on bail for a much larger cryptocurrency robbery, a Canadian man was convicted guilty of defrauding nearly 200 people out of CAD $1 million. His SIM swap attack on DreamHost co-founder Josh Jones in 2020 resulted in the theft of around CAD$48 million worth of digital assets.
Polymarket bettors are leaning bullish, giving Bitcoin a 56% chance of hitting $120,000 this month. The optimism comes as traders eye a possible Fed rate cut that could boost liquidity. In simple terms, many are betting that fresh money in the system could send $BTC soaring in the weeks ahead.
Upbit, the biggest cryptocurrency exchange in South Korea, declared that it would list AVNT, with trading pairings ranging from USDT, BTC, and KRW. The Base network serves as the foundation for Avantis, a perpetual futures exchange.
In a surprising turn of events, Polygon has partnered with Cypher Capital. The move is aimed at boosting institutional access to the $POL token in the Middle East region. The move also comes at a time when the market hype for the $POL token has seen a rise.
Next week will see the debut of $DOJE ETF, the first U.S. memecoin ETF, according to Eric Balchunas of Bloomberg. Memecoins are now more accessible to traditional markets, marking a new milestone for investment products with a crypto element.
